Guideline Value for BEST GARDENS

Best Gardens guideline value

The current guideline value of Best Gardens in Mangalam village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Best Gardens has changed

The guideline value for Best Gardens has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 130 per sq.ft. It increased to Rs 151 per sq.ft in 2017, marking a change of 16%. The next revision in 2023 set the value at Rs 226 per sq.ft, which was a significant increase of 50% from the 2017 figure. The latest revision in 2024 has raised the guideline value to Rs 250 per sq.ft, reflecting an increase of 11% from the previous year.

It is important to note that the register has no figure for Best Gardens in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 92%.

Guideline values in Mangalam

In Mangalam village, there are 89 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 145 to Rs 550 per sq.ft, with a median value of Rs 205 per sq.ft. The guideline value of Best Gardens is above this median.

• Biruntha Avenue: Rs 550 per sq.ft (2024)
• Avinasiappa Nagar: Rs 250 per sq.ft (2024)
• A.S.M. Gardan: Rs 260 per sq.ft (2024)
• Ashma Garden: Rs 250 per sq.ft (2024)
• Apples Park: Rs 165 per sq.ft (2024)
• Chinnaputhur: Rs 145 per sq.ft (2024)

Stamp duty and registration fee for property in Best Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Best Gardens?

The Best Gardens area falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangalam

The guideline value plays a crucial role during the registration of properties in Mangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Best Gardens?

The current guideline value of Best Gardens is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2012 to Rs 250 per sq.ft in 2024, showing an overall increase of 92% during this period.

What are the stamp duty and registration fees for property in Best Gardens?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500 for these fees.

Which office handles property registrations for Best Gardens?

The Tiruppur Joint I Sub Registrar Office handles property registrations for Best Gardens, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark to ensure that the appropriate fees are collected based on the property's value.